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Search results for: trade

China Harbour donates corona prevention and diagnostic kits

China Harbour donates corona prevention and diagnostic kits

-- 2020-04-01 21:24:29

China Harbour Engineering Company Limited (CHEC), a state owned company of China has come forward to help Bangladesh in its fight against coronavirus. The company has donated 3,000 coronavirus detect...

EBL donates Tk 50m to PM’s relief fund

EBL donates Tk 50m to PM’s relief fund

FE Online Desk 2020-04-01 19:10:34

Eastern Bank Ltd (EBL) has donated BDT 50 million to the Prime Minister's Relief and Welfare Fund to help fight the outbreak of coronavirus. The bank handed over the money through Bangladesh Associat...

‘RMG sector to get loan on 2.0pc interest’

‘RMG sector to get loan on 2.0pc interest’

-- 2020-04-01 18:45:45

Commerce Minister Tipu Munshi has said the readymade garment (RMG) industry will get loan on two per cent interest.  “It isn’t a grant. The loan will have to be repaid within a certa...

Hili land port sees zero crossing for the first time in 48 yrs

Hili land port sees zero crossing for the first time in 48 yrs

-- 2020-04-01 18:36:13

For the first time since 1972, no passenger crossed the border through Hili check post on Tuesday as India is enforcing a countrywide lockdown and Bangladesh has limited the movement of people to cont...

India likely to soon ease some drug export curbs after U.S. pressure

India likely to soon ease some drug export curbs after U.S. pressure

REUTERS 2020-04-01 16:06:25

India will likely relax some export restrictions on pharmaceutical products soon due to intense pressure from the United States, which is worried about drug shortages as the number of coronavirus case...

Clothing brands abandon BD workers in pandemic: HRW

Clothing brands abandon BD workers in pandemic: HRW

-- 2020-04-01 15:59:19

More than 95 per cent of brands and retailers refused to contribute to the cost of partial wages for garment factory workers who were temporarily suspended in Bangladesh. A study was conducted by the...

EBL donates Tk 50m to PM’s relief fund to combat corona

EBL donates Tk 50m to PM’s relief fund to combat corona

FE Online Desk 2020-04-01 14:48:51

Eastern Bank Ltd (EBL) made a contribution of Taka 50 million to the Prime Minister's Relief and Welfare Fund to help fight the outbreak of coronavirus, says a press statement on Wednesday. The bank...

Benapole port closure leaves over 2,000 workers jobless

Benapole port closure leaves over 2,000 workers jobless

-- 2020-04-01 13:52:39

Over 2,000 workers of Benapole Land Port have been jobless for past nine days as the export-import activities through the port remained suspended since March 24 in a bid to prevent the spread of coron...

Top apparel brands to take delivery of goods

Top apparel brands to take delivery of goods

MONIRA MUNNI 2020-04-01 10:39:29

A number of top global apparel brands on Tuesday assured their local suppliers that they (brands) would receive shipments of goods already produced, sources said. The buyers include M&S, Target,...

BTRC set to issue NOC to GP 'partly'

BTRC set to issue NOC to GP 'partly'

FE Report 2020-04-01 10:29:40

The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided to start issuing no objection certificate (NOC) 'partly' to the country's largest mobile phone operator Grameenphone (GP). In...

Poultry industry estimates losses of Tk 11.50b, seeks govt intervention

Poultry industry estimates losses of Tk 11.50b, seeks govt intervention

FE REPORT 2020-04-01 10:23:26

The local poultry industry and related businesses were facing substantial losses due to the coronavirus outbreak, industry insiders said. They estimated the losses to be Tk 11.50 billion till April 0...

CCCI submits proposals on virus support   

CCCI submits proposals on virus support  

OUR CORRESPONDENT 2020-04-01 10:13:53

The Chattogram Chamber of Commerce and Industry (CCCI), the oldest trade body of the country, has submitted ten proposals to the government for saving the trade and business, export and import in the...

Open mkt sale of essentials from today

Open mkt sale of essentials from today

FE Report 2020-04-01 09:54:34

The government is set to launch open market sale (OMS) of key essential items today (Wednesday) to keep prices within the buying capacity of the common people ahead of upcoming Eid-ul-Fitre. Trading...

80pc export-oriented factories to get loans

80pc export-oriented factories to get loans

FE REPORT 2020-04-01 09:47:53

Manufacturing units, having at least eighty per cent export-oriented business, will be eligible to get loans from the government-announced Tk 50-billion stimulus package, designed to pay salary of the...

Migrants in Malaysia feel the virus pain

Migrants in Malaysia feel the virus pain

Arafat Ara 2020-04-01 09:42:00

Bangladeshis working on a contract basis in Malaysia are worried about their future as they remain out of work due to the lockdown to fight the spread of new coronavirus there, workers and insiders...

Virus fallout: Delivery of perishables at Ctg port slows

Virus fallout: Delivery of perishables at Ctg port slows

JASIM UDDIN HAROON 2020-04-01 09:41:52

The delivery of perishable goods from refrigerated containers at the Chittagong port has slowed in the aftermath of the new coronavirus outbreak in the country, officials say. A refrigerated containe...

Power generation plunges as businesses remain shut

Power generation plunges as businesses remain shut

FE Report 2020-04-01 09:26:40

Electricity generation across the country dropped by around 20 per cent due to a fall in its demand as most of industrial units, offices and businesses remained shut to stem the spread of Coronavirus....

Coronavirus: Mobile internet trends up, number of voice call drops

Coronavirus: Mobile internet trends up, number of voice call drops

-- 2020-03-31 20:04:19

A surge in the use of mobile internet data has been offset by a drop in the number of voice calls in Bangladesh amid a nationwide shutdown over the spread of the coronavirus, according to telecom oper...

UK supermarket visits jump by 79m before coronavirus lockdown: Nielsen

UK supermarket visits jump by 79m before coronavirus lockdown: Nielsen

-- 2020-03-31 13:39:45

Britons made over 79 million extra grocery shopping trips in the four weeks to March 21 year-on-year as they stocked their “pandemic pantries”, driving a 20.5 per cent jump in supermarket...

Ford teams up with GE, to build 50,000 ventilators

Ford teams up with GE, to build 50,000 ventilators

Reuters 2020-03-31 12:41:53

Ford Motor said on Monday (US standard time) it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General Electric’s healthcare unit, and can then...

Coronavirus: Toyota suspends vehicle production in Vietnam

Coronavirus: Toyota suspends vehicle production in Vietnam

-- 2020-03-31 11:41:19

Toyota Motor Vietnam (TMV) has temporarily suspended vehicle production in order to prevent the coronavirus (COVID-19) outbreak from spreading, Vietnam News Agency reported. The outbreak has impacted...

RHD to settle claims through third party

RHD to settle claims through third party

Munima Sultana 2020-03-31 10:15:06

The Roads and Highways Department (RHD) has started the process of settling the Tk 5.0-billion claims of Japanese contractors through a third-party opinion. The builders worked on a big project to...

Coronavirus: American Airlines to seek $12b US government aid

Coronavirus: American Airlines to seek $12b US government aid

-- 2020-03-31 09:52:46

American Airlines has confirmed it will seek $12 billion (£9.7 billion) of financial support from the US government because of the impact of coronavirus. Employees were told in an email this "w...

Businessmen find fresh pursuits amid shutdown

Businessmen find fresh pursuits amid shutdown

JASIM UDDIN HAROON 2020-03-31 09:43:54

Businessmen have been passing time by reading books, watching videos or doing indoor exercise as they stay home, compelled by nationwide shutdown. Some said they have been involved in office work ove...

Buyers cancel orders worth $2.87 billion: BGMEA

Buyers cancel orders worth $2.87 billion: BGMEA

-- 2020-03-30 20:23:18

Buyers have so far cancelled orders of readymade garment (RMG) products worth US$ 2.87 billion till Monday afternoon in the wake of coronavirus outbreak, according to BGMEA sources. About 1,041 facto...

EU ombudsman rejects plea to withdraw GSP for Bangladesh

EU ombudsman rejects plea to withdraw GSP for Bangladesh

Mir Mostafizur Rahaman 2020-03-30 19:43:06

The Office of the Ombudsman of the European Union (EU), turned down the plea for withdrawal of GSP facilities by the EU for Bangladesh for violating labour rights. The EU Ombudsman also declared the...

Prices of essentials decline significantly in Dhaka kitchen markets

Prices of essentials decline significantly in Dhaka kitchen markets

-- 2020-03-30 18:28:53

The prices of daily essentials fell significantly in Dhaka’s kitchen markets as hundreds of thousands of people left the capital during the government announced holiday to prevent the spread of...

Getting through COVID-19 together

Getting through COVID-19 together

-- 2020-03-30 18:11:01

In a letter to the customers, Mr Rahel Ahmed, managing director and CEO of Prime Bank Limited urges all to maintain social distance to combat coronavirus and also assures that the bank will continue t...

Vietnam asks mask firms to increase production to 5m a day

Vietnam asks mask firms to increase production to 5m a day

-- 2020-03-30 15:38:51

Vietnam has asked its local mask producers to ramp up their production to make 5.0 million masks a day, the government said on Monday, as coronavirus cases in the country rise to 200. “The Mini...

Carew steps up production of hand sanitizer to meet growing demand

Carew steps up production of hand sanitizer to meet growing demand

FE Online Report 2020-03-30 15:10:28

The state owned Carew & Co (Bangladesh) Ltd has ramped up its production of hand sanitizers following the growing demand of it among the people, official said. The company has been producing hand...